Sellers push price lower to trigger the exit level

Sellers continue to apply the pressure to trigger the sell exit level on EAR at 0.20 so the alert is now closed.

Alert History

Original Alert 21/03/19

New Buy Entry Alert EAR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $118.45 Million Market Cap, VWAP 0.22, ASX Ranking 719, 4 Week Av Turnover $368,208, Current Turnover (Intraday as at time of alert) $185,087.

Company Overview : Echo Resources Limited (EAR) is a gold, copper, and nickel exploration company. EAR’s key project is Yandal Gold Project in Western Australia.

Broker Consensus : BUY

EAR – Echo Resources Limited

EAR has pulled back off the highs around 0.27 and is now in a prime zone to continue the trend higher on increased volume. We are happy to buy on a push up through 0.24 and will hold a stop loss at 0.20. If price pushes down through 0.20 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : EAR – Echo Resources Limited

Company Website : www.echoresources.com.au

Current Price : 0.22

New Potential Buy Entry (Trigger Level) : 0.24

Potential Sell Exit Zone (Stop Loss) : 0.20

Status : On watch for buy entry trigger